Carter's Declares 7% Increase ($0.05) Of Its Quarterly Cash Dividend To $0.80 Per Share, For Payment On March 29, 2024
Portfolio Pulse from Benzinga Newsdesk
Carter's has announced a 7% increase in its quarterly cash dividend, raising it from $0.75 to $0.80 per share, with the next payment scheduled for March 29, 2024. In fiscal 2023, Carter's paid a total of $112.0 million in dividends.
February 27, 2024 | 11:19 am
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Carter's increases its quarterly dividend to $0.80 per share, marking a 7% rise, with dividends totaling $112.0 million paid in fiscal 2023.
Dividend increases are generally viewed positively by the market as they signal confidence in the company's financial health and future prospects. Carter's decision to raise its dividend could attract income-focused investors and potentially boost the stock price in the short term.
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